ECB keeps interest rates unchanged, deposit rate stays at 2.50%
The European Central Bank left its three key interest rates unchanged. The deposit facility rate stays at 2.50%, the main refinancing rate at 2.65% and the marginal lending facility rate at 2.90%.
⚡ Key numbers:
- Deposit facility rate: 2.50% (unchanged)
- Main refinancing rate: 2.65%
- Marginal lending facility rate: 2.90%
- Change: 0 bp
ECB keeps borrowing costs on hold
The European Central Bank kept borrowing costs in the euro area unchanged. The deposit facility rate — the ECB’s key policy rate — remains at 2.50%, and the main refinancing rate at 2.65%.
In its statement, the ECB said energy prices have continued to rise, posing upside risks to inflation and downside risks to growth. Underlying inflation has remained broadly stable so far, and wages show no material response yet. The Governing Council said it is not pre-committing to a particular rate path and will decide meeting by meeting based on incoming data.
What the decision means for markets
For global investors, the euro and European bond yields remain the main focus, as rising energy prices cloud the outlook for inflation and growth.
The decision keeps the ECB in a holding pattern while it assesses how far the energy shock feeds into prices and wages.
Market reaction
How markets reacted to the data: prices at the moment of release and about 40 minutes later.
| Instrument | At release | 40 min later | Change |
|---|---|---|---|
| EUR/USD | 1.1133 | 1.1135 | â–˛ +0.02% |
| DAX | 26,030 | 26,054 | â–˛ +0.09% |
| Gold (USD/oz) | 4,035.5 | 4,037.9 | â–˛ +0.06% |
What to watch next
- ECB President Christine Lagarde’s post-meeting press conference
- Energy prices and their impact on euro area inflation
- Euro area credit and economic activity data
Frequently asked questions
What are the ECB interest rates after the 29 October 2026 decision?
The deposit facility rate is 2.50%, the main refinancing rate 2.65% and the marginal lending facility rate 2.90% — all unchanged.
Why did the ECB leave rates unchanged?
The ECB said rising energy prices pose upside risks to inflation and downside risks to growth, while underlying inflation has remained broadly stable so far. It is not pre-committing to a rate path.
Sources: Europejski Bank Centralny, Yahoo Finance.
Disclaimer: This article is for information purposes only and does not constitute investment advice. Data as of Oct 29, 2026, 16:46 may vary by source. Trading leveraged CFDs carries a high risk of losing money.
This article contains AI-generated content.
